Indiana native Evan Frederick Light has been convicted for stealing millions in cryptocurrency after pleading guilty.
Charges and Sentencing
Evan Frederick Light was convicted of conspiracy to commit wire fraud and conspiracy to launder money. He was sentenced to 20 years in federal prison with a three-year supervised release following his sentence. Light is also required to pay a $200 special assessment to the Federal Victims Fund and approximately $37 million in restitution.
Authorities' Response
U.S. Attorney Alison Ramsdell stated that Light's actions damaged many American citizens' lives. She highlighted the 20-year sentence as a deterrent for future crimes. The FBI was thanked for their efforts in apprehending Light. Special Agent Alvin Winston of the FBI emphasized their commitment to prosecuting such crimes.
Crime Details
Court documents reveal that Light illegally accessed an investment firm platform in South Dakota in February 2022, stealing personal identity information and $37 million in digital assets from over 600 victims. He used various services and gambling websites to obfuscate his identity and the stolen funds.
Light will serve his sentence under the supervision of the US Marshals Service to prevent further criminal activities.
